is 40-50 ticks per day doable - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


is 40-50 ticks per day doable
Updated: Views / Replies:7,216 / 34
Created: by anniebee321 Attachments:2

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 2  
 
Thread Tools Search this Thread
 

is 40-50 ticks per day doable

  #11 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,825 received

Answer
This post has been selected as an answer to the original posters question Answer


anniebee321 View Post
unfortunately reading through and practicing the multitudes of different strategies
from fibonacci to order flow to pivot to elliot waves......presented on any forum would take years
to sift through to find the best method - what is needed is a structured approach to learning
which is why people opt for courses - unfortunately many of these are no good
which is why self taught traders seem to be taking 2-5 years to succeed though some take
a year. - it took me about 12-18 months to be a competent programmer working within
the industry, taking 3,4,5 years would have got me the sack!!

I understand where you are coming from. I believe that a course can shortcut your learning curve, however, I find that most people have no idea on what kind of trading they are compatible with until they have paid for a course or two.

The key is understanding what type of trading you enjoy. Regardless of profits, some love scalping for 1-2 ticks! Some 5-7 ticks, some 30 ticks, others 500 pips! It is a matter of personality and preference.

I don't think you will know that until you get your hands dirty and trade them all and decide if this is for you, or you have a deep understanding of your personality and can identify quickly if something suits you or not just by doing a quick evaluation.

I do believe there are 'shortcuts', but not the kind most of us dream about. haha...

I have come to realize that the easiest way to be a better trader is to quit the indi's and focus on a technique that enables you to communicate with the market. You will find many many providers out there with new indi's (supposedly new) to bedazzle you and lure you onto the hook!

If I were to start over (3 years since pretty much full time learning and trading) then I would start with just price action and learn the basics and drill them over and over and over and fall in love with the market in a way that you would fall in love with a song if you heard it a million times on the radio.

The challenge is the world we live in teaches us instant gratification can be obtained. The lucky few achieve this, so we believe this will happen to us.

Good luck on your journey and 30-50 ticks is easy if you are taking larger stops and hence more risk if market conditions change etc., which someone with less experience would not see or understand because they haven't learned the beat of the music and hence the change...

Reply With Quote
The following 4 users say Thank You to bluemele for this post:
 
  #12 (permalink)
Market Wizard
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,681 since Oct 2009
Thanks: 3,030 given, 4,455 received
Forum Reputation: Legendary

Answer
This post has been selected as an answer to the original posters question Answer


anniebee321 View Post
hi mike,

not looking for a shortcut journey but trying to avoid a zig zag journey full of pot holes!!!
ie a structured route


Annie, i understand that need you have and i don't think you can learn how to trade by visiting a forum. Information on most forums is badly organised and in most cases it shoots in all directions trying to please everybody. What you can get or do on a forum is forming new contacts, getting some new ideas, asking for help when you have a problem with your platform to see if anybody else has found a solution etc. That's pretty basic stuff. But learning how to trade on a forum is completly another ball game. If i were to start again today i would start by trying to get instructions on Market Profile and build from that point onward. Getting the right instruction is more tough than learning how to trade. One pitfall i'd try to avoid, finding a system on a public board. Too many people are still in search of the miraculous and have preferences or bias that might influence you to look at dead ends. Second pitfall, finding a guru on a web site or anywhere else. Many traders have big egos and they think their vision or perception is the right stuff. Third pitfall, reading books. No book will teach you how to trade. Trading is akin to learning to play a musical instrument. You need to internalise certain aspects and no book can help you here. Although there are no shorcuts there are dead end pathways that can make you miss the boat or train completly. The best way to learn how to trade is from someone who already is doing it for a living. Oral transmission is the way to go.

Reply With Quote
The following user says Thank You to trendisyourfriend for this post:
 
  #13 (permalink)
Elite Member
new york
 
Futures Experience: Beginner
Platform: SC, NT
Favorite Futures: CL, GC
 
Posts: 213 since Sep 2009
Thanks: 99 given, 113 received


There is no shortcut. Even when you are given the most profitable method, you will still ended up losing money. The reason is psychology.

Psychology affect each of us differently. You just need the time and experience to understand you own.

Imho, psychology is most important aspect in this business. Unfortunately, we only get to this step after losing ton of money and most people give up before get to this step.

Sent from my PC36100 using Tapatalk

Reply With Quote
The following user says Thank You to cw30000 for this post:
 
  #14 (permalink)
Membership Temporarily Revoked
United Kingdom
 
Futures Experience: Master
Platform: CQG, TT X Trader, Ransquawk
Favorite Futures: ES, Bund, Euro
 
Posts: 23 since Sep 2010
Thanks: 0 given, 29 received

15- 20 ticks a day is pretty standard for what they expect at prop firms. When I read the original post of 40-50 ticks a day I was in two minds of either telling you to run a mile

Reply With Quote
 
  #15 (permalink)
Elite Member
london
 
Futures Experience: Beginner
Platform: ninja
Favorite Futures: fgbl
 
Posts: 152 since Nov 2009
Thanks: 64 given, 43 received

40-50 PIPS

How long did it take you guys to get to aveage 15-20 pips a day if you do not mind sharing that
and also if the legup came from a prop firm?

Reply With Quote
 
  #16 (permalink)
Trading Apprentice
London
 
Futures Experience: Advanced
Platform: MultiCharts, Trading Technologies
Favorite Futures: STIRS & FI
 
Posts: 14 since Aug 2010
Thanks: 1 given, 27 received

Answer
This post has been selected as an answer to the original posters question Answer


anniebee321 View Post
the pass requirements to be taken on as a full time prop trader with this firm after 3months of training is 40-50 ticks 4 days out of 5 -- does this sound reasonable - yes they charge a fee

Before you pay any money for training, ask the firm how much money they make from trading profits, and how much they make from charging for training. How many trainees have they taken on and of those how many have gone on to achieve that target (or indeed, profitability in general)?

Its important you know this figure, because there are lots of "prop firms" pretending to be trading firms when in fact they are just training firms.

There is a clear conflict of interest where YOU pay for training, and then THEY determine whether you are kept on, or indeed, whether you ever get to go live and trade with real money at all. Remember, it is in their financial interest to get you out the door quickly once your training is done since they keep all your training fee instead of having to let you risk some of it in the markets. Whats better for them, a certain profit from a terminated training contract, or an uncertain profit from a newbie trader. And beleive me, although you will learn a fair bit (subject to the quality of their training) in three months, you will STILL be a newbie trader.

Visit this page for a good discussion of paying for prop trading training.

Then go here and train yourself for free: Free Prop Trader Training

Reply With Quote
The following 6 users say Thank You to Bilderberger for this post:
 
  #17 (permalink)
Elite Member
Germany / Italy
 
Futures Experience: Advanced
Platform: a few...
Favorite Futures: all that move nicely, extend your horizons
 
Posts: 66 since Nov 2009
Thanks: 45 given, 31 received

no prop firm or institutional edu here, just learning by wanting to succeed, failing was simply not an option...that helped but was no piece of cake at times...it's been over 9 yrs now, perhaps 7 fulltime.

'two roads diverged in a wood, i took the one less travelled by and that made all the difference'

Reply With Quote
 
  #18 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,566 received


anniebee321 View Post
hi mike,

not looking for a shortcut journey but trying to avoid a zig zag journey full of pot holes!!!
ie a structured route

If you did that then you wouldnt have the great advantage of having had a zigzag journey full of potholes .

Reply With Quote
The following 2 users say Thank You to Eric j for this post:
 
  #19 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received

I agree with some of the points, specially with the questions part.. but take it a step further.. ask to speak with the traders on the floor.. speak candidly with them and take them out for drinks to find out more details outside of the floor trading setting where they might not want to be interrupted..

as to some of the comments about learning everything on futures.io (formerly BMT)... there is a place for prop trading firms.. assuming the firm has a method that provides you with an edge, and you can in fact be successful trading that method, then why stumble left and right and pay the tuition to the markets? prop firms will have risk managers, that will aid you on the trading ....

some people have more success with face to face training... others learn by doing swinging it ... others by reading and giving it a try... plenty of flavors to suit your taste..


Bilderberger View Post
Before you pay any money for training, ask the firm how much money they make from trading profits, and how much they make from charging for training. How many trainees have they taken on and of those how many have gone on to achieve that target (or indeed, profitability in general)?

Its important you know this figure, because there are lots of "prop firms" pretending to be trading firms when in fact they are just training firms.

There is a clear conflict of interest where YOU pay for training, and then THEY determine whether you are kept on, or indeed, whether you ever get to go live and trade with real money at all. Remember, it is in their financial interest to get you out the door quickly once your training is done since they keep all your training fee instead of having to let you risk some of it in the markets. Whats better for them, a certain profit from a terminated training contract, or an uncertain profit from a newbie trader. And beleive me, although you will learn a fair bit (subject to the quality of their training) in three months, you will STILL be a newbie trader.

Visit this page for a good discussion of paying for prop trading training.

Then go here and train yourself for free: Free Prop Trader Training


Reply With Quote
 
  #20 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received



Bilderberger View Post

Visit this page for a good discussion of paying for prop trading training.

Then go here and train yourself for free: Free Prop Trader Training

I wanted to say thank you for the link, I have been looking for a structure approach to trading futures (regardless of which market) and from reviewing the "Free Prop Trader Training" link, it looks like what I have been looking for quite a while, so thank you very much.

Reply With Quote

Reply



futures io > > > is 40-50 ticks per day doable

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
How many ticks do you make a day? Dragon Traders Hideout 5 March 31st, 2014 03:50 PM
History Suggests Stocks Are 40% Overvalued, Says Professor Shiller kbit News and Current Events 3 June 16th, 2011 07:39 PM
All Major Global Equity Markets Close Below Their 50-day M.A. kbit News and Current Events 0 May 24th, 2011 01:57 AM
Coin flips to reach 50-50 distribution aligator Traders Hideout 7 April 5th, 2011 04:08 PM
How many ticks total per day? drmartell NinjaTrader 3 January 15th, 2011 10:35 PM


All times are GMT -4. The time now is 04:32 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-07-26 in 0.15 seconds with 40 queries on phoenix via your IP 54.146.1.178